POLAND: Soaring Clothing Sales Boost LPP's Profits

Leading Polish retail chain LPP on Tuesday posted a 60 per cent jump in first quarter net profit to $740,000 from the year-ago period and said it plans to expand its overseas operations. The operator of 27 stores throughout Poland said sales rose 40 per cent to $13 million with clothing sales up 267 per cent to $4.3m in the period compared to 2001.

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